Cryptocurrencies are transitioning from being speculative investments to becoming practical currencies for everyday transactions. Live on Crypto is a platform that offers gift cards for popular retailers, such as prepaid Visa and Mastercard, creating a connection between digital currencies and regular shopping.
For digital currencies to gain widespread acceptance, it is crucial for them to shift from being speculative investments to functional currencies that can be used in daily activities, especially consumer shopping. An increasing number of businesses are already accepting digital currencies as a valid payment option. A recent survey by Binance revealed that over a third of respondents use cryptocurrencies for purchases on a weekly basis, with the majority of these transactions occurring online.
Online transactions provide a strong avenue for integrating digital currencies into daily routines. They serve as a seamless bridge between the digital and physical realms, making cryptocurrencies more accessible and practical for everyday use.
Crypto gift cards offer a unique solution by allowing users to convert their crypto assets directly into gift cards, eliminating the need for traditional cash-outs or wallet withdrawals. This streamlines the purchasing process and makes it easier for users to spend their cryptocurrencies.
Live on Crypto is a prominent example of how cryptocurrencies are transforming daily transactions. It is a gift card store that enables users to buy gift cards from top providers like Amazon, Airbnb, Prepaid Visa, and Steam, bridging the gap between digital currency holders and mainstream commerce. The platform allows users to convert cryptocurrencies, such as Bitcoin (BTC) and Ether (ETH), into gift cards, enabling seamless transactions with major retailers and service providers without the need for traditional currency exchange.
Live on Crypto is powered by FoodChain Global, a blockchain organization dedicated to fighting poverty. Selling crypto gift cards is just one part of its operations, as the organization’s ultimate goal is to create an ecosystem focused on alleviating global hunger. The platform operates on the Polygon network and uses the FOOD token as its primary currency. This token ensures global accessibility, allowing users worldwide to participate in the fight against hunger through everyday transactions.
To convert crypto into retail gift cards on Live on Crypto, the process is similar to shopping on mainstream e-commerce platforms. No personal information is required during signup and checkout. Users simply select the desired product, add it to the cart, and review the order summary. It is essential to have enough FOOD tokens to complete the purchase. Users can purchase FOOD tokens using crypto or credit cards, and they need a minimum of $20 worth of tokens to finalize the transaction. Cointelegraph readers can enjoy an exclusive 20% discount on gift card purchases with the promo code “CT20OFF.”
Once the transaction is complete, the gift card is instantly delivered, allowing the user to redeem the code on the respective platform, such as Steam’s gaming platform. Gift cards provide access to new shopping experiences and services, expanding consumer reach into untapped markets. By connecting crypto users with mainstream shopping, crypto gift cards have the potential to drive broader crypto adoption.
To learn more about Live on Crypto, interested individuals can visit their website. It is important to note that Cointelegraph does not endorse any content or product on this page. Readers should conduct their own research before making any decisions related to the company and assume full responsibility for their actions. This article should not be considered as investment advice.